Latest news with #NapierAI
Finextra
02-07-2025
- Business
- Finextra
Napier AI appoints Kenneth Paqvalén as CFO
Napier AI, the London-based financial crime compliance RegTech, has appointed Kenneth Paqvalén as Chief Financial Officer to scale its global AI-powered AML solutions as the company expands its business to serve an increasingly international customer base. 0 With over 20 years of experience, Paqvalén joins following the acquisition by Marlin Equity Partners (Marlin) to help lay the financial foundations for future global expansion and growth. He brings a strong track record of embedding systems and processes to enable scaling and has successfully led companies through significant growth journeys including a unicorn scale-up. Paqvalén joins Napier AI with decades of industry experience including Nokia and MariaDB, as well as 3 years at Matillion as CFO, during which he helped grow the business from $150m to a $1.5bn company. In his role, Paqvalén's priority will build on Napier AI's existing technological infrastructure, using the existing systems and processes in place to scale effectively. He will support continued investment into Napier AI's platform, ensuring Napier AI Continuum evolves to meet growing demand. Paqvalén will oversee continued expansion across the US and APAC, increasing the company's presence in these markets and expanding its global team to acquire and train the best regional talent to provide on-the-ground support for customers. Kenneth Paqvalén, Chief Financial Officer of Napier AI, commented: 'What drew me to Napier AI was the opportunity to contribute to something that has real ethical weight. Financial crime is a complex and ever-evolving challenge and being able to play even a small part in tackling it feels genuinely meaningful. It's an exciting time to be joining the company and I'm very much looking forward to what's ahead. For companies like Napier AI, while the sophistication of criminals in their use of AI continues to become more innovative, this rapidly evolving issue provides huge opportunity for businesses to address demand and make significant strides to preventing financial crime.' Napier's recent acquisition by Marlin marks an exciting new chapter for the business, bringing the backing of a deep-pocketed and operationally experienced investor. Marlin's collaborative approach and long-term commitment will support Napier AI in scaling its platform and continuing to invest in product development and customer service. Greg Watson, CEO of Napier AI, said: 'We are thrilled to welcome Kenneth on board as our new CFO at such a pivotal moment in Napier's journey. His expertise will be key as we continue to scale operations, strengthen our financial foundations and continue investing in the evolution of our platform. With global expansion already underway, his leadership will ensure we continue to grow in a sustainable and strategic way and his deep financial acumen will undoubtedly make him an invaluable addition to our leadership team as we navigate this next stage of growth.'
Finextra
04-06-2025
- Business
- Finextra
Napier AI appoints Noel King as chief technology officer
Napier AI, the London-based financial crime compliance RegTech firm, has appointed industry veteran Noel King as Chief Technology Officer to expand the company's AI-enabled financial crime compliance software to combat money laundering. 0 King joins with decades of experience spanning tech strategy, cloud infrastructure and cybersecurity, having most recently served as the CTO at Implement Technologies and Shipyard Technology Ventures. He has previously leveraged innovative cloud-native platforms for global corporations like Mastercard and Goldman Sachs. In the role, King will build financial crime compliance software products across client screening, transaction monitoring and transaction screening, helping high-profile financial institutions combat financial criminals and protect against losses. These solutions will provide even better detection against money laundering and significantly reduce the workload of compliance teams through API-first technology. Greg Watson, CEO of Napier AI, said: 'Our mission is to be the global leader in financial crime compliance software, and Noel is the perfect person to make that happen. His expertise in building and scaling technology companies will be invaluable as we continue on our exciting journey of helping financial institutions across the globe root out financial crime. Technology has a vital part to play in that and Noel's leadership will help us double down on our tech vision and bring AI to the forefront of anti-money laundering.' A customer-first approach and efficiency through AI are core pillars of Napier AI's technology strategy for the next year. Noel will focus on building AI-enabled solutions that remain online for when financial institutions need them most, helping to future-proof compliance operations. Noel King, Chief Technology Officer at Napier AI, commented: 'Technology and software are our best defence against financial crime, and Napier AI is best positioned to solve that problem globally. We understand the challenges facing financial institutions. They're tasked with screening large networks of transactions, people and businesses for malicious financial criminals in a landscape that's growing increasingly sophisticated and complex. We want to build AI-powered tech solutions that wow customers, addressing their future plans and biggest pain points.' As part of his appointment, King will also lead Napier AI's Belfast centre of excellence, a new high-performing tech hub in Northern Ireland dedicated to the research and development of Napier AI's AI-powered anti-money laundering technology. As part of the centre's mission, Napier AI is working closely with Belfast City Council on training and upskilling initiatives to create career paths and opportunities for people in the local area. These plans are set to expand to programming courses for young people in Northern Ireland. King was previously named Irish Technology Person of the Year in 2018 and founded Coolest Projects to champion youth innovation in tech, making him the perfect driver of innovation across Northern Ireland and globally.
BBC News
18-02-2025
- Business
- BBC News
London-based Napier AI announces more than 100 jobs at new Belfast office
A London-based artificial intelligence (AI) company is creating more than 100 jobs at its new office in AI provides technology to help banks and other financial institutions detect and prevent criminal behaviour, such as money firm, which was founded in 2015 and employs 250 people, moved into its new office at Pearl Assurance in the city centre last of the 106 new jobs are already in place, with the remaining roles expected to be filled by 2026. Once the jobs are filled, Napier AI said it will contribute almost £5m in additional salaries to the Northern Ireland economy.
